Thomas H. Lee Partners

  1. Richard Bressler Named President, CFO of CC Media Holdings and Clear Channel Communications

    July 30, 2013 1:16 PM EDT CC Media Holdings, Inc. announced that Richard J. Bressler will become President and Chief Financial Officer of CC Media Holdings, Inc. and Clear Channel Communications Inc. and CFO of Clear Channel Outdoor Holdings, Inc. Bressler is a member of ...

  2. Sony/ATV Auction for Virgin, Famous UK Catalogs Begins

    September 21, 2012 6:30 AM EDT The package of assets -- comprised of 30,000 copyrights from the Virgin and Famous Music U.K. publishing catalogs -- that the Sony-led consortium agreed to sell in order to gain regulatory approval to buy EMI Music Publishing is about to hit the a ...

  3. Guggenheim Partners Nearing Deal to Buy Dick Clark Productions

    August 30, 2012 8:55 AM EDT Guggenheim Partners has entered final negotiations to acquire Dick Clark Productions for an amount that exceeds its hefty asking price, multiple sources have told The Hollywood Reporter. The deal for the storied production company behind the Golde ...

  4. Clear Channel Acquires Stake in Ryan Seacrest Productions

    January 31, 2012 8:10 AM EST Radio giant Clear Channel said Tuesday that it has acquired an unspecified minority stake in Ryan Seacrest Productions, the production company created by American Idol host Ryan Seacrest, giving it a foothold in the TV industry as it looks to push ...

  5. Bob Pittman Takes CEO Reins at Clear Channel Following IHeartRadio Concert

    October 03, 2011 8:11 AM EDT LOS ANGELES (AP) - On the heels of organizing a two-day concert in Las Vegas that kicked off Clear Channel's iHeartRadio online radio service, media veteran Bob Pittman was named Sunday as chief executive of its parent company, CC Media Holdi ...

  6. Higher-Than-Expected Bids for EMI Group Could Favor Strategic Buyers--Including the Other Majors

    August 05, 2011 11:42 AM EDT With the first round of bids in for Citigroup's auction of EMI Group, the higher-than-expected levels of the bids suggest that strategic suitors--including the other major-label groups--may have a leg up on other bidders. Sources say at lea ...

  7. EMI: High Bids Put Strategic Buyers -- Including Other Majors -- in the Lead

    August 05, 2011 10:53 AM EDT With the first round of bids in for Citigroup's auction of EMI Group , the higher-than-expected levels of the bids suggest that strategic suitors-including the other major-label groups-may have a leg up on other bidders. Sources say at least ...

  8. Live Nation Shares Rise, Then Slip After Report Company May Go Private

    June 13, 2011 3:50 PM EDT Shares of Live Nation have risen after a Friday New York Post report claimed the company is in early buyout discussions with Liberty Media. Shares rose 6% on Friday but were down over 3% in early Monday trading, suggesting the market was less cert ...

  9. News Corp. Nears MySpace Deal, Report

    June 06, 2011 5:30 PM EDT NEW YORK - Rupert Murdoch's News Corp. is nearing a decision on a deal for MySpace, with a strategic partnership appearing more likely than an outright sale, the Wall Street Journal reported Monday, citing people familiar with the situation. ...

  10. Bids for MySpace Due by End of Week (Report)

    April 27, 2011 7:30 AM EDT News Corp. is looking for initial bids for MySpace by the end of the week and expects to announce a deal around June, the Wall Street Journal reported Tuesday afternoon. About a half-dozen suitors, including private equity firms, are in the hunt f ...

  11. WMG Businesses Receive More Than 10 Bids in Auction

    February 28, 2011 7:00 PM EST The Warner Music Group has received more than 10 bids in the first round of the auction being conducted on its behalf by Goldman Bros., according to Bloomberg News , who quoted anonymous sources. Sony ATV and BMG, the Berteslmann/KKR joint venture ...

  12. EMI And Warner Music: Destined To Be Together?

    January 28, 2011 10:05 AM EST No matter what happens to EMI or Warner Music Group (WMG), it always seems that speculation about their respective fates is intertwined with that of the other. That was true during the protracted will-they-or-won't-they merger speculation tha ...

  13. Mexico's Televisa To Take 5% Stake In Univision

    October 05, 2010 12:00 AM EDT Mexican broadcaster Grupo Televisa has agreed to take a 5% stake in U.S. Spanish-language media company Univision Communications, which it can grow in the future, and to extend and expand the companies' long-term program license agreement. Th ...

  14. Who Will the Financial Crisis Hit Next?

    December 31, 2008 12:00 AM EST Tribune Co. recently filed for Chapter 11 bankruptcy protection and National Amusements violated a debt covenant. The moves beg the question: Who, if anyone, could be next in the broader media and entertainment industry? The global financial crisi ...

  15. Reuters: EMI had 16.1% U.K. Market Share In Q1

    April 17, 2007 12:00 AM EDT EMI Group accounted for 16.1% of all albums sold in the U.K. in the first quarter of 2007, behind Universal but level with Sony BMG and ahead of Warner Music Group, market data seen by Reuters shows. The U.K. has traditionally been one of EMI' ...

  16. EMI Concerns Grow At Warner Music

    April 11, 2007 12:00 AM EDT Declining profits and growth at EMI Group are becoming "increasingly problematic," said a large shareholder of Warner Music Group, which is pursuing a bid to buy EMI. "We want to be very realistic about what we would be buying and w ...

  17. FCC Approves Univision Sale

    March 27, 2007 12:00 AM EDT As expected, the FCC has approved the acquisition of Univision Communications by investor group Broadcasting Media Partners (BMP). The sale was set at approximately $12.3 billion or $36.25 per share. Once the acquisition is finalized, which is exp ...

  18. Univision Names New CEO

    February 27, 2007 12:00 AM EST The private investor group that acquired Univision Communications Inc. has named Joe Uva, president and CEO of OMD Worldwide, to succeed the Spanish broadcaster's CEO when the acquisition closes, a person familiar with the matter said Tuesday ...

  19. Sources: Clear Channel Bids Due In Coming Days

    November 10, 2006 12:00 AM EST Company declines to comment. Bids are due in the coming days for Clear Channel Communications Inc., the largest U.S. radio company, sources familiar with the situation told Reuters on Nov. 9. Clear Channel, which has about 1,150 stations, said las ...

  20. Clear Channel Hires Goldman, Sachs

    October 26, 2006 12:00 AM EDT In a move that could bust up the nation's largest radio group, Clear Channel revealed late Wednesday (Oct. 25) it had retained Goldman, Sachs & Co. to "evaluate various strategic alternatives to e In a move that could bust up the ...

  21. Univision Shareholders OK $12.3B Sale

    September 27, 2006 12:00 AM EDT Approval of the sale was widely expected. Univision Communications Inc. shareholders on Wednesday (Sept. 27) approved selling the Spanish-language broadcaster to a private investor group for $12.3 billion, the company said. Univision dominates the ...

  22. Shareholder Sues Over Univision Sale

    July 03, 2006 12:00 AM EDT Filing alleges Univision board of selling at an unfair price. A shareholder has filed a proposed class action suit against Univision Communications, trying to stop the acquisition of the company by a group of private equity investors. The suit, fi ...

  23. Univision Board Approves Sale

    June 27, 2006 12:00 AM EDT Univision Communications, the largest Spanish-language media company in the U.S. revealed Tuesday (June 27) it had agreed to sell the company to a group of private equity investors for $12.3 billion a Univision Communications, the largest Spanish- ...

  24. VNU Agrees To $8.9BN Acquisition

    March 08, 2006 12:00 AM EST Billboard parent VNU, a global information and media company based in the Netherlands, has agreed to be acquired by a consortium of six private equity investors. The offer values VNU's equity at &#x20 Billboard parent VNU, a global inform ...

  25. New Board Member For WMG

    March 06, 2006 12:00 AM EST Michele J. Hooper has been elected to Warner Music Group Corp.'s board of directors. She will serve as an independent director on WMG's board and will sit on its audit committee. Michele J. Hooper has been elected to Warner Music Group C ...

  26. New Board Member For WMG

    March 06, 2006 12:00 AM EST Hooper joins as an independent director. Michele J. Hooper has been elected to Warner Music Group Corp.'s board of directors. She will serve as an independent director on WMG's board and will sit on its audit committee. Hooper, 54, is a ...

  27. Former Warner Exec Joins Thomas H. Lee Partners

    January 09, 2006 12:00 AM EST Bressler most recently served as senior exec at Viacom. Richard J. Bressler has joined private equity firm Thomas H. Lee Partners as a managing director and head of its strategic resource group. Bressler was most recently senior executive VP and C ...

  28. Cumulus, Investors Buy Susquehanna For $1.2 Billion

    October 31, 2005 12:00 AM EST Deal expected to close in the first half of 2006. With financial backing from three investment firms, Cumulus Media, radio's 11th largest radio group, is acquiring Susquehanna Radio for approximately $1.2 billion. To pull off the widely expec ...

  29. Update: WMG Stock Ends First Day Down 3.5%

    May 11, 2005 12:00 AM EDT Shares in Warner Music Group ended the first day of trading today (May 11) on the New York Stock Exchange down 3.5% at $16.40, following a $554.2 million initial public offering at $17 a share. Shares in Warner Music Group ended the first day of t ...

  30. Warner Music IPO Opens Below Asking Price

    May 11, 2005 12:00 AM EDT Shares in Warner Music Group stumbled out of the gates this morning following the company’s initial public offering of 32.6 million shares at $17 a share. After opening at $16.60 the stock, which is Shares in Warner Music Group stumbled out of the ...

  31. Warner Music Trims Price Of IPO

    May 10, 2005 12:00 AM EDT Trading expected to begin Wednesday. Just hours ahead of the expected pricing of its initial public offering, Warner Music Group is reportedly trimming the price of the deal. Additionally, its investors are said to be scrapping plans to sell some ...

  32. WMG Sets IPO Price Range

    April 19, 2005 12:00 AM EDT Warner Music Group has set a price range of $22-$24 for its upcoming initial public offering. NEW YORK -- Warner Music Group has set a price range of $22-$24 for its upcoming initial public offering. The company says in a filing with the Securitie ...

  33. WMG Sets IPO Price Range

    April 18, 2005 12:00 AM EDT Shares to be set at $22-$24. Warner Music Group has set a price range of $22-$24 for its upcoming initial public offering. The company says in a filing with the SEC that it intends to offer 27.17 million shares to the public. In addition, WMG' ...

  34. Azoff, Kaufman Reforming FrontLine

    January 11, 2005 12:00 AM EST Following a multimillion dollar investment by Thomas H. Lee Partners, artist managers Irving Azoff and Howard Kaufman have merged their companies, Azoffmusic Management and H.K. Management, to re-form LOS ANGELES -- Following a multimillion dollar ...

  35. Azoff, Kaufman Re-Form Frontline

    January 05, 2005 12:00 AM EST Following a multi-million dollar investment by Thomas H. Lee Partners, artist managers Irving Azoff and Howard Kaufman have merged their two companies to re-form Frontline, the management company the Following a multi-million dollar investment by ...

  36. Warner Music Looks To Slash Artist Roster

    May 13, 2004 12:00 AM EDT The newly private Warner Music Group, having significantly <A HREF="http://www.billboard.com/bb/biz/newsroom/business_finance/article_display.jsp?vnu_content_id=1000450149">reduced its worldwide staff The newly private Warner Music ...

  37. WMG Crew Get In Gear For Industry Turnaround

    March 08, 2004 12:00 AM EST Just days after the $2.6 billion acquisition of Warner Music Group closed, a key member of the buyout team valued the music company's assets at healthy $3.5 billion. NEW YORK--Just days after the $2.6 billion acquisition of Warner Music Group ...

  38. E.U. Set To Act On New Rules To Halt Piracy

    March 08, 2004 12:00 AM EST The European Union is expected to agree to new rules this week that will clamp down on movie and music pirates following a long legislative battle, according to the E.U. sources last Friday. <br clea Virgin, Fox Studio Drop Lawsuit, Settle Disp ...

  39. Sperling Touts WMG Deal As 'Smart Buy'

    March 04, 2004 12:00 AM EST Just four days after the $2.6 billion acquisition of Warner Music Group, one of the key members of the buyout team valued the music company's assets at $3.5 billion. Scott Sperling, managing director Just four days after the $2.6 billion acqu ...

  40. Layoffs Loom As WMG Buyout Finalized

    March 01, 2004 12:00 AM EST With the ink less than 24 hours dry and the $2.6 billion wire transfer having finalized the deal this morning (March 1), the new owners of the Warner Music Group are gearing up to slash 1,000 jobs wor With the ink less than 24 hours dry and the $2 ...

  41. Bronfman's WMG Buy Expected To Close Sunday

    February 27, 2004 12:00 AM EST The sale of Warner Music Group (WMG) to an investment group led by former Seagram executive Edgar Bronfman Jr. is expected to close Sunday (Feb. 29), with funds for the $2.6 billion deal being wired t The sale of Warner Music Group (WMG) to an inv ...

  42. Key Execs To Take Part In Music & Money Symposium

    February 23, 2004 12:00 AM EST Sony Music International president Rick Dobbis, Clear Channel Entertainment CEO Brian Becker and EMI Music Publishing CEO Martin Bandier are among the key executives set to participate in the third an Sony Music International president Rick Dobbis ...

  43. Sperling To Speak At Music & Money

    February 10, 2004 12:00 AM EST Thomas H. Lee Partners executive to give keynote. Thomas H. Lee Partners executive to give keynote. News ...

  44. Sperling To Speak At Music & Money

    February 10, 2004 12:00 AM EST Scott Sperling , managing director of Thomas H. Lee Partners, the lead investment firm in the pending acquisition of Warner Music Group, will keynote Billboard's third annual Music &amp; Money Symposi Scott Sperling , managing director of ...

  45. Sperling To Speak At Music & Money

    February 10, 2004 12:00 AM EST Scott Sperling , managing director of Thomas H. Lee Partners, the lead investment firm in the pending acquisition of Warner Music Group, will keynote Billboard's third annual Music &amp; Money Symposi Scott Sperling , managing director of ...

  46. Sperling To Speak At Music & Money

    February 10, 2004 12:00 AM EST Scott Sperling , managing director of Thomas H. Lee Partners, the lead investment firm in the pending acquisition of Warner Music Group, will keynote Billboard's third annual Music &amp; Money Symposi Scott Sperling , managing director of ...